# Kasisto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kasisto

- Industry: Software
- Headquarters: New York, US
- Website: www.kasisto.com
- Total disclosed funding: $66M
- Latest round: Series C (Jul 28, 2021)
- Investors on record: 14

## About

Kasisto, Inc. is a technology company that delivers sophisticated conversational AI solutions specifically designed for the banking and finance sectors, enhancing customer interaction and operational efficiency through its innovative products.Founded in 2013, Kasisto, Inc. operates from New York, US, focusing on the development of AI solutions for the financial industry. The company was established by Ruth Brown, Sasha Caskey, and Zor Gorelov, with Zor Gorelov currently serving as the CEO. Kasisto has successfully raised a total of USD 8.646 mn in funding, with its most recent funding round being a Series D on September 17, 2024. The firm has completed a total of 10 deals throughout its history.Kasisto specializes in providing advanced conversational AI solutions tailored for the banking and finance sector through its core product suite, KAI. Central to its offerings is KAI-GPT, a proprietary large language model that integrates generative AI capabilities to facilitate human-like interactions and personalized experiences for end-users. KAI is designed to address customer needs for immediate banking assistance, effectively handling queries related to account management and financial advice 24/7. The company’s products aim to enhance both customer and employee experiences by streamlining workflows, reducing servicing costs, and providing instant access to financial intelligence. Kasisto serves a diverse client base that includes global financial institutions, regional banks, community banks, and credit unions across various geographical markets, including North America, Europe, and Asia-Pacific, ensuring broad accessibility to its AI solutions.Kasisto generates revenue through a subscription-based model, primarily involving partnerships with financial institutions that integrate its AI-driven products into their operations. Clients engage with Kasisto by subscribing to services such as KAI Answers and AI Agents, which are designed to enhance customer engagement and operational efficiency in banking environments. The pricing structure typically reflects the scale and complexity of the implementation, tailored to the specific needs of each institution. By leveraging its flagship offerings, such as KAI-GPT and KAI Consumer Banking, Kasisto creates sustained revenue streams while helping financial institutions navigate the challenges of digital transformation and customer service demands. The company’s focus on providing reliable, compliant, and effective AI solutions positions it as a valuable partner in driving financial service innovation.In September 2024, Kasisto, Inc. raised USD 8.646 mn in Series D funding from unspecified investors. The company plans to utilize this funding to improve workforce capabilities, enhance customer engagement, and accelerate its conversational and generative AI solutions. Kasisto is also focused on expanding into new markets, particularly targeting growth in Europe and Asia-Pacific regions by the end of 2025.

## Funding rounds

- Series C, Jul 28, 2021, $16M — NCR Corporation, Naples Technology Ventures
- Series B, Feb 4, 2020, $11M — Napier Park Global Capital
- Series B, Aug 14, 2019, $11M — RHO, Two Sigma Investments, Partnership Fund for New York City, Commerce Ventures, Propel, Napier Park Global Capital, Oak HC/FT
- Series B, Dec 8, 2017, $18M — MasterCard Investment, Two Sigma Investments, Partnership Fund for New York City, Propel, Oak HC/FT
- Series A, Dec 23, 2016, $8.3M — MasterCard Investment, Two Sigma Investments, Partnership Fund for New York City, Commerce Ventures, Propel, Harvard Business School Alumni Angels, DBS Private Bank, New York Angels
- Seed, Jul 9, 2014, $2.3M — Wells Fargo Bank, Two Sigma Investments, Partnership Fund for New York City, Harvard Business School Alumni Angels, New York Angels

## Investors

- Wells Fargo Bank — Seed
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Seed, Series A, Series B
- Partnership Fund for New York City (https://capitalatlas.ai/funds/partnership-fund-for-new-york-city) — Seed, Series A, Series B
- Harvard Business School Alumni Angels — Seed, Series A
- New York Angels (https://capitalatlas.ai/funds/new-york-angels) — Seed, Series A
- MasterCard Investment — Series A, Series B
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series A, Series B
- Propel (https://capitalatlas.ai/funds/propel) — Series A, Series B
- DBS Private Bank — Series A
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series B
- RHO (https://capitalatlas.ai/funds/rho) — Series B
- Napier Park Global Capital (https://capitalatlas.ai/funds/napier-park-global-capital) — Series B
- NCR Corporation — Series C
- Naples Technology Ventures (https://capitalatlas.ai/funds/naples-technology-ventures) — Series C